Redondo Beach Home Values, Prices, and Trends

I was just taking a look at comparisons of home values  in 90277 and 90278. If you are new to the area, 90277 is South Redondo Beach and 90278 is North Redondo.

The median sales price for homes in ZIP code 90278 for Jul 13 to Oct 13 was $722,500. This represents an increase of 0.8%, or $5,750, compared to the prior quarter and an increase of 11.2% compared to the prior year. Sales prices have appreciated 8.6% over the last 5 years in 90278, Redondo Beach. The median sales price of $722,500 for 90278 is 5.92% lower than the median sales price for Redondo Beach CA. Average listing price for homes in ZIP code 90278 was $760,777 for the week ending Oct 23, which represents an increase of 3.6%, or $26,374 compared to the prior week and an increase of 8.9%, or $62,351, compared to the week ending Oct 02. Average price per square foot for homes in 90278 was $423 in the most recent quarter, which is 11.51% lower than the average price per square foot for homes in Redondo Beach.

Check out the following charts and graphs courtesy of Trulia:


Basically the short version is that Real Estate in 90278 is less expensive than 90277. I am predicting that we might see some balancing out of that in the next few years.